Provision for contingent liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2014
Dear Sir,
How we show the contingent liability or provision for contingent liability while preparing the schedule VI.
Please advise me.
How we show the contingent liability or provision for contingent liability while preparing the schedule VI.
Please advise me.
13 June 2014
provisions are provided under "Current Liabilities"
contingent liabilities are shown as a not below the financial statements.
contingent liabilities are shown as a not below the financial statements.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Income tax return change regime form necessary or not?
- Sale of goods to the purchasing party
- Tax Audit Mandatory or Optional
- Resignation of auditor and appointment and cfss
- Machinery taking back from repair work shop
- OLD REGIM AND NEW REGIM
- FORM 10BB/10B REQUIRED OR NOT
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- HOUSING LOAN ISSUE
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
